HTC has always strived to protect their intellectual property from some of the larger patent-hold companies around the globe, but in an effort to save themselves some time and money they have just announced a strategic partnership with Intellectual Ventures. The agreement will allow HTC to tap into more than 30,000 intellectual property assets held by Intellectual Ventures. HTC will be able to use the intellectual property assets for future development of their products as well as defense tools against any litigation which may arise against HTC.
Over the last few years, HTC has become one of the most dominant handset makers in the smartphone segment, making the company a key target in patent infringement cases. The alliance with Intellectual Ventures will allow HTC to continue their focus on innovative new products and software rather than lawsuits from their competition.
Press Release: HTC and Intellectual Ventures Announce Licensing Agreement and Strategic Alliance
BELLEVUE, Wash. and TAOYUAN, Taiwan, Nov. 23, 2010 /PRNewswire/ — HTC Corporation and Intellectual Ventures™ (IV) today announced they have entered into a long-term licensing agreement and strategic alliance. With the agreement, HTC is receiving rights under IV’s patent portfolio, and will have access to IV’s vast portfolio of more than 30,000 IP assets to defend itself and its subsidiaries from potential litigation.
HTC and IV are both advocates of intellectual property protection, and the alliance provides HTC with access to IV’s entire IP portfolio and contributes to HTC’s ability to reduce its risk of litigation.
“HTC is one of the fastest growing companies in the mobile phone industry, and it understands the value of actively protecting its invention rights,” said Peter Detkin, founder and vice chairman, Intellectual Ventures. “Given HTC’s innovativeness in developing some of the industry’s first smartphones and its continued development of some of the world’s most advanced products, HTC is forward-thinking with its IP practices and is working with IV to mitigate its IP risk.”
About HTC
HTC Corporation (HTC) is one of the fastest growing companies in the mobile phone industry. By putting people at the center of everything it does, HTC creates innovative smartphones that better serve the lives and needs of individuals. The company is listed on the Taiwan Stock Exchange under ticker 2498. For more information about HTC, please visit www.htc.com.
About Intellectual Ventures
Founded in 2000, Intellectual Ventures (IV) is the global leader in the business of invention. IV collaborates with leading inventors, partners with pioneering companies, and invests both expertise and capital in the process of invention. IV’s mission is to energize and streamline an invention economy that will drive innovation around the world. www.intellectualventures.com
Intellectual Ventures is a registered trademark of Intellectual Ventures Management, LLC (IV). Other company and product names may be trademarks of their respective owners.
Source: PR News Wire
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